Quality stocks rarely come cheap, and 3M Company is a prime example. The company trades with a P/E in excess of 20 times and has recently cut its full-year 2015 guidance in the face of a weakening industrial economy. However, its underlying performance remains excellent, and management recently announced restructuring and productivity improvement programs designed to increase profitability in the next few years. Let's take a look at the pros and cons of buying 3M stock.
READ THE FULL EQUITY RESEARCH ARTICLE LINKED
READ THE FULL EQUITY RESEARCH ARTICLE LINKED
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